Since the establishment of BRICS, the member states have significantly increased their high-tech exports, which now account for more than one-third of global supplies, reflecting a shift in technological leadership worldwide. This was stated by Russian President Vladimir Putin at the plenary session of the 29th St. Petersburg International EconomicContinue Reading

BRICS intra-group trade exceeded the symbolic threshold of 1 trillion dollars in 2025, according to Irina Abramova, Director of the Institute for African Studies of the Russian Academy of Sciences. She reminded participants of the 29th St. Petersburg International Economic Forum (SPIEF) of this milestone during a BRICS Business CouncilContinue Reading

The accelerated development of technology companies in BRICS countries could increase annual gross domestic product (GDP) growth by up to 656 billion dollars, while cooperation among member states could generate an additional GDP effect of more than 2.7 trillion dollars per year. This was stated by Ilya Ivaninsky, Director ofContinue Reading